Fiat money A. is otherwise valueless paper made money by law. B. has value in addition...
Fiat money
A. is otherwise valueless paper made money by law.
B. has value in addition to being money.
C. does not function as a store of value.
D. does not function as a medium of exchange.
E. has always been the money in use in the United States.
Homework Answers
Answer
Option A
is otherwise valueless paper made money by law
Fiat money has no intrinsic value, and it is backed by the government so it can perform all the function of money. It can be used as a medium of exchange, store of value.
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